2.The following information has been extracted from the financial statements of Waka Berhad for the year ended 31 March 20X9, together with comparative figures for the statement of financial position for the previous year.

Statement of Comprehensive Income for the year ended 31 March 20X9

RM'000Revenue 350,000Cost of sales (155,000)Gross profit 195,000Distribution costs (20,000)Administration expenses (10,000)Profit from operations 165,000Interest received 1,000Finance cost (2,000)Profit before tax 164,000Taxation (41,000)Profit for the period 123,000

Statement of Financial Position as at 31 March

Statement of Financial Position as at 31 March

20X9 20X8 RM'000 RM'000Assets Non-current assets Cost 380,000 300,000Accumulated depreciation (76,000) (60,000) 304,000 240,000Current assets Inventory 85,000 60,000Trade receivables 45,000 51,000Bank 36,000 - 166,000 111,000Total assets 470,000 351,000 Equity and liabilities Capital and reserves Ordinary share capital 204,000 150,000Share premium 40,000 30,000Revaluation reserve 35,000 30,000Retained earnings 120,000 70,000 399,000 280,000Non-current liabilities 5% loan notes 10,000 31,000Current liabilities Bank overdraft - 15,000Trade Payables 40,000 20,000Taxation 21,000 5,000 61,000 40,000Total equity and liabilities 470,000 351,000

Additional information:

1. During the year ended 31 March 20X9, Waka Berhad sold equipment for RM20,000,000 with realising a profit of RM600,000. Accordingly, no revaluation or disposal was made on this particular non-current asset.
2. There were no outstanding amounts of interest payable or interest receivable for both years and an amount of RM73,000,000 dividend was paid during the year.
3. Profits from operations amounting to RM165,000,000 is a net figure after depreciation charges of RM18,000,000.

Required:

Prepare a Statement of Cash Flows for Waka Berhad for the year ended 31 March 20X9, in accordance with MFRS 107 Statement of Cash Flows using the indirect method.

( Total / Jumlah: 20 )